Saturday, September 18, 2010

CL & 6E Trades 9/17

CL 15min

CL 5min

6E 15min

6E 5min

D got his dream posting. He is now regional head of risk management and reports directly to US headquarters. The news was broadcast globally just hours ago. In the midst of my trades, D asked if he could have 1 min from me. I asked along the line of whether it's a life and death matter. D said he got the job. I congratulated him and quickly went back to watch my position like a hawk. After wrapping up, I asked D if he was going to stop doing laundries, clean Al's litter box, and if we're going to stop eating pizzas. D said no. That was when I told him I'm REALLY HAPPY for him.

About Me

I day trade primarily crude oil futures (Nymex: CL), usually during London open, and, occasionally, during US after-hours. My trading style is predominantly discretionary. I don't rely on indicators - they are there merely to make my charts look less naked. Over the years, I have developed my way of following CL's price movement across the Asian, European and US sessions, and my trades are frequently based on pure gut feel of the direction market is heading in the 1 to 8 hours that follow. Candlestick patterns are observed only at price extremes and usually only after at least 3 hours into London open. I respect pivot levels.